As we advised in previous email blasts, last summer, the New York State Legislature passed two bills that sought to significantly impact rent stabilized properties: NYS Senate bills S2943B and S2980C. S2943B sought to reverse the protections provided by the Court of...
Rosenberg & Estis Blog
Rosenberg & Estis Announces that David J. Rosenberg has Joined the Firm as Of Counsel
Rosenberg & Estis, P.C., a leading New York City real estate law firm, has announced that David J. Rosenberg has joined the firm’s expanding roster of attorneys as Of Counsel within the Transactions Department. Rosenberg will strengthen the land use and zoning...
Major NYC Development Opportunity from NYS
NYS Empire State Development has offered a fascinating opportunity to redevelop a major NYC site and produce rental and home ownership housing at scale. Rosenberg & Estis, P.C. Affordable Housing and Condominium practice groups are ready to work with developers on...
R&E December 2023 Newsletter
Local Law 97: Compliance Details, Financing Options and More As part of Brick Underground’s new Boards & Buildings section, R&E Members Adam R. Sanders wrote a comprehensive 3-part series addressing compliance details as well as financing options related to...
Retainage on Private Commercial Projects Capped at 5%
Recently, New York Governor Kathy Hochul signed into law an amendment to General Business Law Article 35-E Construction Contracts (GBL § 756-758), commonly referred to as New York’s Prompt Payment Act, mandating retainage not to exceed 5 percent on all general...
421-a Projects — NYC Housing At Risk Task Force (HART) Can Help Expedite NYC Approvals
In light of the looming 421-a(16) completion deadline of June 15, 2026, NYC has created a Housing At Risk Task Force (“HART”) to assist large housing projects. Qualifying projects include those with 100 or more dwelling units already vested for 421-a due to...
R&E Webinar: New York State PHFL Create Affordable Housing Opportunities
In this in-house webinar, R&E Members Daniel M. Bernstein and Nicholas Kamillatos addressed the recent amendments to New York State’s Private Housing Finance Law, showing on a high-level how the amendments create valuable opportunities for certain regulated...
New Corporate Transparency Act Regulations to Take Effect January 1, 2024
The Corporate Transparency Act (“CTA”) takes effect as of January 1, 2024. This broad sweeping Federal Act is part of the Anti-Money Laundering Act of 2020 and will require many entities (“reporting companies”), not previously subject to reporting requirements, to now...
Rosenberg & Estis, P.C. Represents The Durst Organization In One World Trade Center Agreements To Launch NEXTGEN TV In New York
Rosenberg & Estis, P.C., New York City’s premier real estate law firm, served as legal counsel to The Durst Organization in a broadcast television deal to bring state-of-the-art technology to the number one television market in the country. The deal allows public...
DHCR Issues Guidance re: 2023 RSC Amendments
As we advised in a prior client email blast, DHCR recently adopted amendments to the Rent Stabilization Code (“the Amendments”) which became effective on November 8, 2023. DHCR has now issued various documents as guidance to the Amendments, including fact sheets,...